MINISTRY OF ECONOMY
AND SUSTAINABLE DEVELOPMENT
OF GEORGIA

Irakli Nadareishvili: Emaar Properties/Eagle Hills entry into Georgia is an important message to global investors highlighting that Georgia is a reliable partner for long-term investment

07-03-2025

Deputy Minister of Economy and Sustainable Development, Irakli Nadareishvili, was on a working visit to the United Arab Emirates, during which he became acquainted with the implemented and ongoing projects of the UAE’s largest development companies, Emaar Properties and Eagle Hills. Eagle Hills, founded by Mohamed Alabbar, the founder of Emaar Properties, and created for large-scale international projects, will make a record investment of 6 billion US dollars in the real estate and tourism sectors in Georgia.

Directly in the Emirates, Emaar Properties and Eagle Hills' major projects include the Burj Khalifa, currently the world's tallest skyscraper, the Dubai Mall, the luxurious development complex on the Al Maryah Island in Abu Dhabi, projects in the elite resort area of Dubai Marina, and others.

During the visit, Deputy Minister Irakli Nadareishvili met with Mohamed Alabbar, the founder and managing director of Emaar Properties/Eagle Hills.

As the Deputy Minister stated after the meeting, Eagle Hills’ investment is unprecedented, and an investment of this scale has never been made in the Georgian economy before. Nadareishvili noted that the entry of such a high-caliber group as Emaar into Georgia is an important message to global investors that Georgia is a reliable partner and an interesting country for long-term investment.

According to the Deputy Minister, the Georgian government has been negotiating with Emaar for about a year. “The second phase of project development is upcoming and during that phase the company will establish a representative office in Georgia. Then, work will be done on the master plan and permitting conditions. We think that work will start on both locations in about a year,” – Irakli Nadareishvili commented.

As the Deputy Minister stated, Emaar and Eagle Hills are represented in 15 countries around the world, and in every country where they invest, their policy is to maximize the use of local human and intellectual resources. He said that as a result, in construction, architectural, and urban planning directions, local professionals and companies will be actively involved alongside the company’s international-class specialists, which will be another significant contribution to the Georgian economy. “We often talk about the entry of so-called quality investments. This time, we can confidently say that this particular case is a quality investment, where, along with the financial flow, high-class qualifications, experience, new technologies, and others are coming in” – the Deputy Minister said.

 

 

 

 

 

 

 

 

Tweet